06 Aug Steps to Starting a Business While Working Full-Time
Starting a business while still working full-time is a daunting proposition, but one that can be incredibly worthwhile and satisfying. As difficult as it can be, there are certain steps that can ease the process. Let’s have a look at these.
Commit to the business
Make no mistake – this is going to be hard. Your time will be taken up by both your work as well as your start-up. You’re going to have to make a lot of sacrifices when it comes to your relationships, and the activities you do in your free time. Free up as much time as you can to focus on your business.
Validate Your Business Idea
One huge reason start-ups often fail is a lack of market demand or need for their product. You need to validate your business idea early on in the planning process by getting honest and genuine feedback from paying customers. Remember, you can only trust answers that come from people who pay. Build a basic proof of concept through ongoing feedback in order to create a solution that actually meets people’s needs.
Set SMART goals
Your goals should be specific, measurable, attainable, realistic and time-based. If you don’t set realistic and attainable goals for yourself, you’ll be spending a lot of time just grinding. You should also be able to measure the results of those goals.
Build a Roadmap
This is one of the most important steps that too many entrepreneurs tend to neglect. It’s especially important if you’re also working full-time. Map out exactly how you’re going to get to launch date proactively. You’ll have to regularly adapt your plan as things change and obstacles pile up. Develop the ability to solve problems and circumnavigate your obstacles in order to build a successful business.